Levi & Korsinsky also said it is reviewing potential securities fraud claims after Concentrix cut its 2026 revenue and non-GAAP EPS guidance and shares fell more than 20% on June 30.
Multiple shareholder law firms are investigating Concentrix Corporation after the company reported Q2 2026 earnings and revenue below expectations and lowered its full-year 2026 guidance. Levi & Korsinsky said Concentrix shares opened down more than 20% on June 30, 2026 after the company’s June 29 earnings report cut fiscal 2026 revenue guidance from a $10.11 billion midpoint to a range of $9.93 billion to $10.03 billion and reduced non-GAAP EPS guidance from $11.48-$12.07 to $10.83-$11.18. The company cited off-shoring headwinds of about 300 basis points and some customers reallocating their spending distribution. Levi & Korsinsky said its review is examining whether Concentrix made materially misleading statements before the June 29 disclosure, noting that the company had initially provided the earlier guidance on January 13, 2026 and that CFO Andre Valentine reaffirmed the company’s revenue, earnings and cash flow guidance as recently as March 24, 2026. The Schall Law Firm had already announced a separate investigation into potential securities law violations tied to the same earnings miss and outlook cut.